chris98251 wrote:Didn't the NBA and Bennet already screw the city of Seattle out of the 45 million they were suppose to get.

No there were things that had to be done to get those, and in good old Seattle fashion they sat on their hands n screwed themselves.

Ahh I see the broker a deal not to file a lawsuit for Bennett leaving for 45 million and then screw up the collection of that money by doing nothing and allowing Bennett to not be contested in a legal arena and keep his money also. Nice job, now they they are holding Hansens feet to the fire on every little thing.

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chris98251 wrote:Didn't the NBA and Bennet already screw the city of Seattle out of the 45 million they were suppose to get.

No there were things that had to be done to get those, and in good old Seattle fashion they sat on their hands n screwed themselves.

Ahh I see the broker a deal not to file a lawsuit for Bennett leaving for 45 million and then screw up the collection of that money by doing nothing and allowing Bennett to not be contested in a legal arena and keep his money also. Nice job, now they they are holding Hansens feet to the fire on every little thing.

I just know they let Bennett off the hook for $30 million when they didn't want to even try to get Key Arena renovated, that had to happen by 2009, and if we had an NBA compatible arena by 2012 and no team, he owed some more, we let him off the hook.

On Northwest Sports tonight, Paul Silvi talked about how the deal has hit another snag. I guess some lawyers found that before the Maloofs are technically allowed to sell to Hansen's group, the Maloofs must first allow the minority owners a chance to buy their, the Maloof's, share or something related to that.

Blitzer88 wrote:On Northwest Sports tonight, Paul Silvi talked about how the deal has hit another snag. I guess some lawyers found that before the Maloofs are technically allowed to sell to Hansen's group, the Maloofs must first allow the minority owners a chance to buy their, the Maloof's, share or something related to that.

Yeah, that's actually been news for a couple weeks now I think.

Anyone heard anything new (past few days) about this? I wonder what has happened to that $30 million non-refundable check that Hansen was supposed to make out to the Maloofs on Feb 1st.

I think it is absolutely ridiculous to suggest that this contract clause is a "snag" or "surprise". I am certain that the Seattle group and the Maloofs had their attorneys spend tons of hours reviewing this contract, and the decision was made that the sale would be legal, so they proceeded. I guarantee that no one in the Seattle group is being surprised with this news.

I think it is absolutely ridiculous to suggest that this contract clause is a "snag" or "surprise". I am certain that the Seattle group and the Maloofs had their attorneys spend tons of hours reviewing this contract, and the decision was made that the sale would be legal, so they proceeded. I guarantee that no one in the Seattle group is being surprised with this news.

All that matters is NBA approval at this point.

That article really doesn't make things look very good for us at this point

Only if you assume that Hansen and Ballmer's team of lawyers + the NBA lawyers who looked at it either completely missed these clauses or completely misinterpreted them.

How likely do you think that is?

Let's also keep in mind that the only minority owner saying that he received no notice of sale or was offered his ROFR is Cook, who is completely bankrupt and his share is now in the hands of the bankruptcy court, not him. He's got nothing. The other minority owners have indicated that they are not at liberty to speak at all, which makes me think they're in a loop that Cook is out of.

Glasgow Seahawk wrote:What date will we know one way or the other if there will be a team in Seattle next season? Is it all down to the NBA approving the move or could there still be issues after that?

March 1st I believe. That's the deadline to file for relocation for the following season.

-The Glove- wrote:Ok. So Hansen will file by the deadline and then we'll have to to wait for the BOG approval?

Well, technically the Maloofs still own the team right now, so they'd be filing(?) or the $30 million deposit established a business relationship and they'll all be filing? The NBA's inner workings and the actual sales agreement are both in the shadows right now, so it's hard to tell exactly how it's all going to go down.

I expect there to be a relocation filing of some sort by March 1st, though.

-The Glove- wrote:Ok. So Hansen will file by the deadline and then we'll have to to wait for the BOG approval?

Well, technically the Maloofs still own the team right now, so they'd be filing(?) or the $30 million deposit established a business relationship and they'll all be filing? The NBA's inner workings and the actual sales agreement are both in the shadows right now, so it's hard to tell exactly how it's all going to go down.

I expect there to be a relocation filing of some sort by March 1st, though.

Ah I see...this whole thing is getting really confusing. Glad I have you guys on here to break it all down for me

Yea, it seems awfully late in the game for that. My best guess is that they just won't have everything finalized in time. Hopefully Sacramento would go to the top of the list for expansion after that. If they have buyers ready to put down $500+ mil for a team, the NBA would be fools to ignore it, just like they would be fools to ignore the Seattle group.

Yeah, especially since they're looking at a different site than their previous arena deal potentially.

They had the city council support to vote for their last arena deal, but it'll likely be tougher if they try to fast track it. And who's to say their bid even includes a matching offer? I've heard KJ say numerous times they plan to make a "fair and competitive" offer. Anything less than a matching offer and an approved plan with full details for a state of the art arena and I'd say there is zero chance the Kings stay at this point, even with all that I'd say it's maybe 5%. There is a signed purchase agreement with owners the NBA wants with plans for an arena that is shaping up to be the class of the NBA in a better television market with a stronger economy.

can't believe i may actually get to watch the NBA again... that would definitely fell the void during the off season.. i get to watch the Mariners for about 2 weeks before it's evident they suck to high heaven, so the spring/summer for me is pretty much filled up with fishing and golf....

Not so fast, KJ is not saying he will have the arena and financeing done by March 1st and that Seattles deal is not finalized and that they are going to push meeting with ownership and relocation commitee earlier then they said before.

Sounds like an attempt to defam or undercut us and make a slick fast deal.

To Be P/C or Not P/C That is the Question..........Seahawks kick Ass !!!! Check your PM's, Thank you for everything Radish RIP My Friend. Member of the 38 club.

The biggest news so far to come out of All-Star weekend is that David Stern has said Expansion is not an option at this time. He also said that "removing a team from Sacramento is not a good idea. But having a team in Seattle is a good idea."

Pstark3 wrote:The biggest news so far to come out of All-Star weekend is that David Stern has said Expansion is not an option at this time. He also said that "removing a team from Sacramento is not a good idea. But having a team in Seattle is a good idea."

Hopefully that was more directed at Sacramento so that they know what to expect when the Kings move.

"Stern called the ownership group led by Chris Hansen and Microsoft CEO Steve Ballmer "very strong." He also called the proposed Sodo arena "quite strong" and when asked if there is anything more that Seattle can do to ensure that it's in the best position to have a team, answered "not that I'm aware of."

So it's this ^^^ versus Sacramento's bid as "certainly plausible". After saturday everything is still pointing at the Supersonics playing in the Arena next year.

Heard on the interview when someone asked if both cities could come out of this happy Stern said no, I don't think it's possible. Someone also asked if Bennett on the committee would be a problem and he said something to the effect that he was hoping others involved would let him take somewhat of a back seat and the ownership group could carry it.

Not really sure what that means other then Bennett hoping to not be the focal point somehow.

To Be P/C or Not P/C That is the Question..........Seahawks kick Ass !!!! Check your PM's, Thank you for everything Radish RIP My Friend. Member of the 38 club.

With nearly $2 billion in long-term debt, the city can’t afford to borrow any more money. This is the message that the city treasurer will deliver to the Sacramento City Council at Tuesday’s meeting.

"The city's tapped out," said City Treasurer Russell Fehr, who will be presenting an hour-long report on the topic. "We have very large, long-term liabilities and we have to be very cautious about assuming any new ones. That's the essence of the message."